Airwallex moves staff out of China after VC alleges 'Chinese backdoor' to US data; Senator seeks investigation

Summary

Airwallex, an $8 billion global payments company, is reportedly relocating staff out of China after venture capitalist Keith Rabois alleged that the company's China operations create a potential "Chinese backdoor" to sensitive US customer data. The allegations, raised on December 1, 2025, have escalated into a geopolitical controversy involving US Senator Tom Cotton, who has requested an investigation. The company's client list includes Coinbase and defense contractor Anduril, raising national security concerns tied to Chinese intelligence laws.